RBS will maintain rates trading operations

Bank will preserve rates trading unit, following claims it was to shut the division

The Royal Bank of
Scotland will wind down its rate prime brokerage and OTC
clearing businesses but insists its trading arm will continue
to function as normal.

The bank said this
morning it will preserve its rates trading unit, following
claims in the press it was to shut this division as it
announced plans to scale back its prime brokerage and OTC
clearing units.